The fallacy in your argument is the assumption that everyone in Switzerland will get the money. I believe that it is some kind of a floor, so that if your income is over $2800, you don’t collect. However, if your income is $1000, then you will be brought up to the $2800 level, The financial experts in Switzerland have figured it out and it will cost less than 1% of the budget to bring everyone up to the level of $2800 per month.
Not a fallacy, but an incorrect presentation by you. You made no qualifiers, and said that everyone was getting $2800 per month.
Now let’s run this through the calculator and see if it makes any sense:
Their budget is roughly $65b, so 1% is $650 million. So for the population being paid, their payments will range from $1-$2800 per month. So what is the average payment to a person? Let’s be safe and assume only $1,000. And how many people would they pay? Let’s ballpark it at 5% of the population (400,000), since we need to include the unemployed, and those who make less than $2800/month.
Even with these very conservative numbers, the total is $4.8 billion, or about 7% of their budget. A far cry from the nonsense of less than 1%.
Now let’s add a little reality. A program like this creates something called moral hazard. Those out of work, and those who work for $2800 or less have no incentive now to find employment or remain employed. This applies even to those who earn even higher than $2800 as they would rather exchange some money for free time and no work. So in reality, what will happen is that the average payment will be much higher, and the amount of people paid will skyrocket. It is economics, there is simply no getting around it.
So if the number of people paid goes much higher, say to 600,000, and average payments go to $1500, the cost goes to almost $11 billion. And in a worst case scenario, say 1 million people and $2,000, the cost goes to $24 billion.
So there is absolutely NO WAY this program will be less than 1% of the budget. Absolutely. No. Way. This claim will rank right up there with the CBO projections for the future costs of Medicare, which were off by a factor of 20 IIRC.